14-20 Cedar Glen Bond Ordinance Addendums

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"Tax exempt" means that interest on the Bonds is excludable from gross income for federal income tax purposes, whether or not such interest is includable as an item of tax preference or otherwise includable directly or indirectly for purposes of calculating any other tax liability, including any alternative minimum tax or environmental tax. Section 3. Provision of Annual Reports. (a) The Owner shall, or shall cause the Dissemination Agent to, not later than May 1 of each year, commencing May 1, 2021, provide to the Repository an Annual Report that is consistent with the requirements of Section 4 of this Disclosure Agreement. If the Dissemination Agent is to provide such Annual Report to the Repository, not later than five Business Days prior to said date, the Owner shall provide the Annual Report to the Dissemination Agent. The Owner shall provide a written certification with the Annual Report furnished to the Dissemination Agent to the effect that such Annual Report constitutes the Annual Report required to be furnished by the Owner hereunder. The Dissemination Agent may conclusively rely upon such certification of the Owner. In each case, the Annual Report shall be submitted through the EMMA system and to the Trustee in an electronic format and contain such identifying information as is prescribed by the MSRB, and may be submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4; provided that the audited financial statements of the Owner may be submitted separately from the balance of the Annual Report if they are not available by that date. The Dissemination Agent's obligation to deliver the information at the times and with the contents described above shall be limited to the extent the Owner has provided such information to the Dissemination Agent as required hereby. (b) If by five Business Days prior to the date specified in subsection (a) for providing the Annual Report to the Repository, the Dissemination Agent has not received a copy of the Annual Report, the Dissemination Agent shall contact the Owner to inquire if the Owner is in compliance with subsection (a). (c) If the Owner does not provide a written certification to the Dissemination Agent to the effect that an Annual Report has been provided to the Repository by the date required in subsection (a), the Dissemination Agent shall,in a timely manner, send a notice to the Repository in an electronic format in substantially the form attached as Exhibit A. (d) The Dissemination Agent shall, to the extent the Owner has provided the Annual Report to the Dissemination Agent, file a report with the Owner certifying that the information represented to the Dissemination Agent by the Owner as the Annual Report has been provided pursuant to this Disclosure Agreement and stating the date it was provided to the Repository. (e) The Owner shall either make Annual Reports required by this Section 3 to the MSRB through its EMMA system (provided the Disclosure Representative shall have set up an account on the EMMA system) or shall make such Annual Reports available to the Dissemination Agent in an electronic format that meets the requirements prescribed by the MSRB. Section 4. Content of Annual Reports. The Owner's Annual Report shall be substantially in the form attached hereto as Exhibit B and include the following information and, if available, shall contain or incorporate by reference audited financial statements for the year ended December 31: 1. the category of information being provided; 2. the period covered by any annual financial information/financial statements or operating data; C-2